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Issue 23

Copyright © 2011 www.Propwise.sg. All Rights Reserved.

CONTENTS

p2

Singapore Property News This Week

p6

Recent Trends in the Singapore

Property Market

p11 Resale Property Transactions (October 8 14)

p13 Singapore Property Classifieds #13

FROM THE

EDITOR

Welcome to the 23 th edition of the Singapore Property Weekly.

Hope you like it!

Mr. Propwise

Welcome to the 23 t h edition of the Singapore Property Weekly . Hope you like

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SINGAPORE PROPERTY WEEKLY

Issue 23

Singapore Property This Week

Residential

EL Development launches DBSS project Trivelis with high indicative pricing

888-unit Trivelis, developed under the Design, Build and Sell Scheme (DBSS) at Clementi

Ave 4, consists of three 40-storey towers with

three-room to five-room flats, with more than 50 % being four-room flats. Prices of three- room flats (646 sqft), four-room units (861 sqft to 883 sqft) and five-room flats (1,130 sqft) will

range from $375,000 to $470,000, $530,000 to

$650,000 and$658,000 to $770,000 respectively. This is higher than the price of resale flats, and rather close to executive condominium (EC) prices. This may be due to its location (proximity to MRT station and

may be due to its location (proximity to MRT station and Back to Contents schools), its

Back to Contents

schools), its height, the lack of competitors in

the area and the high demand in the HDB

market.

99-year leasehold Yishun EC site draws $213.8m top bid.

MCC Land (Singapore) offered a top bid of $213.78 million or $292.57psfppr for the 292,277.6 sqft site with a 730,693.9 sqft gross floor area (GFA) and a 2.5maximum permissible gross plot ratio at Yishun Avenue 7/ Canberra Drive, beating out seven other

bids. Just 4% above the $281 psfpprfor The

Canopy EC site located at Yishun Avenue 11, the bid was reasonable and within market expectations. Breakeven cost is estimated to be around $600 psf, similar to the prices for

The Canopy.

Page | 2

SINGAPORE PROPERTY WEEKLY Issue 23 Commercial JLL’s study: Property investors turn their attention to the

SINGAPORE PROPERTY WEEKLY

Issue 23

Commercial

JLL’s study: Property investors turn their

attention to the industrial sector

Jones Lang LaSalle's study of URA Realis caveats data shows that investors with an under-$1.5 million budget have turned their attention to industrial sector. The private residential sector's share of caveats fell from 96.6% in Q2 2009 to 87.2% in Q3 2011 while the caveats of strata private industrial units, strata offices and strata retail increased from 2.2% to 8.8%, 0.4% to 1.4% and 0.8%to 2.6% respectively. The increase may be even larger

if the size of the units is included in the data.

This increase is due to government measures to cool the housing market as well as the higher yields for industrial property. In particular, the investors are drawn to smaller

units in industrial projects with affordable prices and promises of high yields.

Two 999-year leasehold adjacent buildings

at Phillip Street sold to Royal Group.

Royal Grouphas bought two 999-year leaseholds adjacent office blocks at 1 and 3 Phillip Street for nearly $283 million with an average price about $2,350 psfbased on their total net lettable area of about 120,000 sq ft. 1 and 3 Phillip Street are a 16-storey building with 36,194 sqft net lettable area (NLA) and a19-storey office block with 82,160 sqft NLA respectively. The new corporate headquarters

for Royal Group will move to the latter, moving

out from the Royal Brothers Building, where Royal Group’s 50% share of the total net lettable area of around 59,000 sqft was sold at a price of $3,050 psf.

Back to Contents

Page | 3

SINGAPORE PROPERTY WEEKLY Issue 23 The two adjacent blocks at Phillip Street are likely to

SINGAPORE PROPERTY WEEKLY

Issue 23

The two adjacent blocks at Phillip Street are likely to be redeveloped into a single project with a larger floor plate.

In the market: Freehold 21-storey Robinson

Point An expressions of interest (EOI) exercise is being conducted for the freehold 14-year old 21-storeyRobinson Point with a total net

lettable area (NLA) of 133,214 sqft. Having

been redeveloped to its maximum potential, it has a gross floor area of 169,250 sqft, a plot ratio of 11.2 on the 15,111 sqft land area. It is 95% occupied and has 57 car park lots on the

third to fifth levels. The price is expected to

range around of $306.4 million to $313.1 million. The asset could either remain in its present form or be strata-titled or converted to hotel use, subject to approvals from the

authorities. The EOI will close on Nov 18. Ex-Ogilvy Centre to become Sofitel Singapore in early 2013

The first Sofitel hotel in Singapore is set to

open in early 2013 with 135 rooms and suites where the Ogilvy Centre used to be- a landmark conservation property opposite Lau Pa Sat. The existing four-storey conservation

building will stay, with the rear part being

redeveloped into a new five-storey extension. The room sizes will range from 258 to 1,507 sqft, with a 70:30 ratio of suites (including loft suites) to regular rooms with a blended

average daily room rate of $300. Royal Group

Holdings invested $130 million in the asset, including the $86 million it paid for the site and signed a 20-years management contract with Sofitel Luxury Hotels under the Accor Group.

Back to Contents

Page | 4

SINGAPORE PROPERTY WEEKLY Issue 23 50% of Robinson Land sold to an offshore fund The

SINGAPORE PROPERTY WEEKLY

Issue 23

50% of Robinson Land sold to an offshore fund

The partnership between Buxani Group and offshore investors advised by Capital

Management Group sold a half-stake in Robinson Land Pte Ltd to an offshore fund controlled by a few high net worth individuals , retaining the other half. It has only one asset under its name - 12-storey freehold Finexis

Buildingat 108 Robinson Road. The sale was

based on the Finexis Building’s latest valuation of $110 million, about $2,043 per square foot on its total strata area of 53,830 sq ft.It is more than 82%occupied and does

not have any immediate redevelopment

potential, its gross floor area of 64,766 sqfthaving exceeded the 11.2 maximum plot ratio for the site. The net yield based on the $110 million valuation is around 2.9% if the

building is fully occupied, given the average monthly passing rental of $5.60 psf.

Back to Contents

2.9% if the building is fully occupied, given the average monthly passing rental of $5.60 psf.

Page | 5

SINGAPORE PROPERTY WEEKLY

Issue 23

Worrying Trends in the Singapore Property Market

By Mr. Propwise

I’ve noticed some interesting and worrying trends in the Singapore property market that I’d like to share with you, and also delve into what they mean for the property investor and

own-stay home buyer.

1. HDB prices are rising faster than private property prices

Last week the URA reported that the private residential price index grew 1.3% in the 3 rd quarter of 2011. Contrast this with the HDB’s Resale Price Index (RPI), which rose 3.8% from the previous quarter.

this with the HDB’s Resale Price Index (RPI), which rose 3.8% from the previous quarter. Back

Back to Contents

this with the HDB’s Resale Price Index (RPI), which rose 3.8% from the previous quarter. Back

Page | 6

SINGAPORE PROPERTY WEEKLY Issue 23 This increase in HDB prices is despite the 23,800 new

SINGAPORE PROPERTY WEEKLY

Issue 23

This increase in HDB prices is despite the 23,800 new units the HDB has pushed out in the first three quarters. The impact was not felt on prices but in the transaction volume for resale flats, which fell 10% to 5,903 units in the 3 rd quarter from 6,581 units in the 2 nd quarter.

The HDB will launch another 4,200 BTO flats in November, bringing the total number of flats

launched this year to 28,000. And don’t forget

that there is another 25,000 BTO flats to be launched next year.

The puzzling thing for many is how the prices of HDB flats are still rising despite the large

amount of supply being pushed out. A case in

point is the 888-unit Trivelis in Clementi, which is being developed under the Design, Build and Sell Scheme (DBSS). Prices of the 646 sqft three-room flat units ($375,000 to

$470,000), 861-883 sqft four-room flat units

Back to Contents

($530,000 to $650,000) and 1,130 sqft five- room flats ($658,000 to $770,000) are more expensive than the surrounding resale flat prices!

2. Private home buyers are in a cautious mood, especially in the high end segment

The PPI’s 1.3% increase is the 8 th consecutive quarter of slowing growth, which many market

observers attribute to both demand (growing

uncertainty in global economic situation) and supply (government ramping up supply of public housing) factors.

Regardless of the cause, buyers are becoming

increasingly cautious, especially in the high

end segment. The URA reported a price increase in non-landed properties in the Core Central Region (CCR) of just 0.7%, and a fall in transaction volume of 61% on a quarter-on-

quarter basis.

Page | 7

SINGAPORE PROPERTY WEEKLY Issue 23 Given the upcoming launches in the 4 t h quarter,

SINGAPORE PROPERTY WEEKLY

Issue 23

Given the upcoming launches in the 4 th quarter, many analysts expect a fall in the take- up rate even if prices remain stable. So it’s

clear that the market is cooling down. The

million dollar question is will prices fall?

3. Developers are turning cautious too

In the latest survey conducted by the National University of Singapore and the Real Estate Developers’ Association of Singapore (READAS), the Current Sentiment Index for property developers dropped from 4.6 in the 2 nd quarter to 3.6 in the 3 rd quarter, while the Future Sentiment Index dropped from 4.4 in the 2 nd quarter to 3.4 in the 3 rd quarter. This dragged the Composite Sentiment Index down from 4.5 to 3.5 respectively.

Developers also turned cautious on the office segment as shown by the future net balance

(the difference between respondents who believe the office segment will do better and those who think it will do worse), which staged a dramatic turnaround from +42% in the 2 nd quarter to -57% in the 3 rd quarter. This was attributed to weakening demand from the banking and financial services industry, which in general is having a tough time this year with weak markets and trading volumes.

Interestingly, 56% of developers expect prices to remain unchanged while 37% predict a moderate decline. The percentage of developers expecting a decline more than doubled from 17% in the previous quarter.

4. Investors are going into industrial and commercial properties

Jones Lang LaSalle’s study of URA Realis caveat data shows that investors

Back to Contents

Page | 8

SINGAPORE PROPERTY WEEKLY Issue 23 with a sub-$1.5 million budget are moving away from residential

SINGAPORE PROPERTY WEEKLY

Issue 23

with a sub-$1.5 million budget are moving away from residential properties into commercial and retail properties. The private residential sector’s share of caveats fell from 96.6% in 2 nd quarter 2009 to 87.2% in 3 rd quarter 2011. Investors have both been driven by push (government measures to cool the residential market including the harsh stamp duty) and pull (higher yields for these properties) factors.

In particular, small industrial units with low prices and PROMISES of higher yields are

very popular with investors. Have they thought

about what the real rental demand is going to be once these units are completed? What sort of businesses will be renting them?

My take on what these trends mean

All in all I believe that these trends are

worrying. Middle income families are rushing

to buy high-priced HDB flats and mass market residential properties and small-time investors are snapping up “shoebox” industrial units with a fairly ambiguous rental market. At the

same time the wealthy and developers (the

“insiders”) are turning cautious on the market,

and the weakening global economic situation means that the yields of the industrial and commercial properties could be at risk. Which

group do you think has a better grasp of what

is going on in the market?

I caution all investors to study the market

carefully before committing your hard earned

Back to Contents

Page | 9

SINGAPORE PROPERTY WEEKLY Issue 23 I caution all investors to study the market carefully before

SINGAPORE PROPERTY WEEKLY

Issue 23

I caution all investors to study the market

carefully before committing your hard earned cash and credit to a property investment. Make sure you know what you’re buying and

if you are expecting a yield, to do your due

diligence on what the real rental demand for your property will be. If you’re buying for your own stay, don’t just rush into the next new launch and be impressed by the designer showflats. If you spend a bit of time and effort looking around in the same area, you could find real “bargains” at 20% to 40% off the price of a new flat.

Back to Contents

the same area, you could find real “bargains” at 20% to 40% off the price of

Page | 10

SINGAPORE PROPERTY WEEKLY

Issue 23

Non-Landed Residential Resale Property Transactions for the Week of Oct 8 - 14

10 VALLEY PARK 10 TANGLIN REGENCY

10

VALLEY PARK

10

TANGLIN REGENCY

10 VALLEY PARK 10 TANGLIN REGENCY
 

Area

Transacted

Price

Project Name

(sqft)

Price ($)

($ psf)

Tenure

ICON

581

1,080,000

1,858

99

QUEENS

1,184

1,300,000

1,098

99

EMERALD PARK

1,173

1,280,000

1,091

99

EMERALD PARK

1,163

1,208,000

1,039

99

CARIBBEAN AT KEPPEL BAY

1,206

1,928,000

1,599

99

CARIBBEAN AT KEPPEL BAY

1,485

2,060,000

1,387

99

HERITAGE VIEW

1,163

1,270,000

1,092

99

BOTANNIA

1,281

1,388,000

1,084

956

DOVER PARKVIEW

1,249

1,150,000

921

99

DOVER PARKVIEW

1,249

1,150,000

921

99

WESTCOVE CONDOMINIUM

1,119

930,000

831

99

CITYLIGHTS

1,356

1,740,000

1,283

99

CAIRNHILL CREST

818

1,750,000

2,139

FH

CAIRNHILL RESIDENCES

1,163

2,360,890

2,031

FH

MIRAGE TOWER

1,496

2,330,000

1,557

FH

CAIRNHILL HEIGHTS

1,281

1,750,000

1,366

FH

UE SQUARE

1,572

2,050,000

1,304

929

ST MARTIN RESIDENCE

592

1,360,000

2,297

FH

THE ORANGE GROVE

2,691

5,800,000

2,155

FH

THE FORD @ HOLLAND

614

1,100,000

1,793

FH

MONTVIEW

1,507

  2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
 

2,320,780

1,540

FH

1,808

2,500,000

1,382

999

980

1,260,000

1,286

99

  2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,507   2,320,780 1,540 FH 1,808 2,500,000 1,382 999 980 1,260,000 1,286 99
1,382 999 980 1,260,000 1,286 99 Back to Contents 15   Area Transacted

Back to Contents

15

15

 

Area

Transacted

Price

Project Name

(sqft)

Price ($)

($ psf)

Tenure

RIDGEWOOD

1,744

1,950,000

1,118

999

HILLCREST PARK

1,152

1,500,000

1,302

FH

THOMSON 800

1,625

1,980,000

1,218

FH

AMANINDA

2,842

2,900,000

1,021

FH

HILLCREST ARCADIA

1,711

1,547,500

904

99

TRELLIS TOWERS

1,647

1,780,000

1,081

FH

SUNVILLE

1,755

1,420,000

809

FH

THE SCENIC @ BRADDELL

452

590,000

1,305

FH

DAKOTA RESIDENCES

1,830

2,425,000

1,325

99

SIMSVILLE

969

852,000

879

99

ESCADA VIEW

775

677,700

874

FH

FUYUEN COURT

1,163

880,000

757

FH

CANBERLIN LODGE

1,152

800,000

695

FH

ONE AMBER

1,389

2,055,720

1,480

FH

THE SEA VIEW

1,216

1,740,000

1,431

FH

THE WATERSIDE

2,400

3,224,000

1,343

FH

SANCTUARY GREEN

786

1,000,000

1,273

99

COSTA RHU

1,970

2,255,650

1,145

99

THE MAKENA

1,636

1,850,000

1,131

FH

SANTA FE MANSIONS

1,163

1,300,000

1,118

FH

TANJONG RIA CONDOMINIUM

1,302

1,400,000

1,075

99

FINLAND GARDENS

1,722

1,780,000

1,034

FH

1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH
1,075 99 FINLAND GARDENS 1,722 1,780,000 1,034 FH MARTIA 8 1,259 1,280,000 1,016 FH

MARTIA 8

1,259

1,280,000

1,016

FH

Page | 11

SINGAPORE PROPERTY WEEKLY

Issue 23

Postal

District

  Area Transacted Price   Project Name (sqft) Price ($) ($ psf) Tenure PARK EAST
 

Area

Transacted

Price

 

Project Name

(sqft)

Price ($)

($ psf)

Tenure

PARK EAST

2,024

1,970,000

973

FH

ONE @ PULASAN

1,087

1,024,000

942

FH

THE DAFFODIL

689

692,800

1,006

FH

EAST MEADOWS

1,216

1,110,000

913

99

BAYSHORE PARK

2,196

1,940,000

883

99

TANAMERA CREST

1,173

900,000

767

99

TANAMERA CREST

1,604

1,145,000

714

99

TANAMERA CREST

1,184

840,000

709

99

WATERCREST

1,302

1,048,000

805

999

WATERCREST

1,302

1,030,000

791

999

BALLOTA PARK CONDOMINIUM

1,701

1,122,000

660

FH

MODENA

1,410

1,269,000

900

99

EASTPOINT GREEN

1,130

940,000

832

99

MELVILLE PARK

1,206

845,000

701

99

MELVILLE PARK

1,475

988,000

670

99

GLASGOW RESIDENCE

409

600,000

1,467

999

COMPASS HEIGHTS

1,324

1,285,000

971

99

RIO VISTA

1,055

830,000

787

99

REGENTVILLE

1,152

855,000

742

99

LAKEVIEW ESTATE

1,615

1,240,000

768

99

GARDENVISTA

1,173

1,320,000

1,125

99

SPRINGDALE CONDOMINIUM

1,130

1,100,000

973

999

SHERWOOD CONDOMINIUM

904

845,000

935

FH

SUMMERHILL

1,604

1,480,000

923

FH

SOUTHAVEN II

1,539

1,400,000

910

999

SOUTHAVEN I

1,313

1,090,000

830

99

923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99
923 FH SOUTHAVEN II 1,539 1,400,000 910 999 SOUTHAVEN I 1,313 1,090,000 830 99

Postal

District

22

22

22

23

23

23

23

26

  Area Transacted Price   Project Name (sqft) Price ($) ($ psf) Tenure THE LAKESHORE
 

Area

Transacted

Price

 

Project Name

(sqft)

Price ($)

($ psf)

Tenure

THE LAKESHORE

872

840,000

963

99

PARC OASIS

1,227

940,000

766

99

LAKESIDE APARTMENTS

1,518

835,000

550

99

THE MADEIRA

1,249

1,000,000

801

99

REGENT HEIGHTS

1,163

870,000

748

99

REGENT GROVE

1,163

805,888

693

99

THE MADEIRA

3,046

1,880,000

617

99

SEASONS PARK

1,690

1,138,000

673

99

693 99 THE MADEIRA 3,046 1,880,000 617 99 SEASONS PARK 1,690 1,138,000 673 99
693 99 THE MADEIRA 3,046 1,880,000 617 99 SEASONS PARK 1,690 1,138,000 673 99
693 99 THE MADEIRA 3,046 1,880,000 617 99 SEASONS PARK 1,690 1,138,000 673 99
693 99 THE MADEIRA 3,046 1,880,000 617 99 SEASONS PARK 1,690 1,138,000 673 99
693 99 THE MADEIRA 3,046 1,880,000 617 99 SEASONS PARK 1,690 1,138,000 673 99
693 99 THE MADEIRA 3,046 1,880,000 617 99 SEASONS PARK 1,690 1,138,000 673 99
693 99 THE MADEIRA 3,046 1,880,000 617 99 SEASONS PARK 1,690 1,138,000 673 99
693 99 THE MADEIRA 3,046 1,880,000 617 99 SEASONS PARK 1,690 1,138,000 673 99
693 99 THE MADEIRA 3,046 1,880,000 617 99 SEASONS PARK 1,690 1,138,000 673 99

NOTE: This data only covers non-landed residential resale

property transactions with caveats lodged with the Singapore Land Authority. Typically, caveats are lodged at least 2-3 weeks after a purchaser signs an OTP, hence the lagged nature of the data.

lodged at least 2-3 weeks after a purchaser signs an OTP, hence the lagged nature of

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Page | 12

SINGAPORE PROPERTY WEEKLY Issue 23 Singapore Property Classifieds #13 For Sale Bliss Residences @ Kembangan.

SINGAPORE PROPERTY WEEKLY

Issue 23

Singapore Property Classifieds #13

For Sale

Bliss Residences @ Kembangan. FH 1500+sf 3+1BR Penthouse. Only $1000psf. 1 min to MRT, 15 min to CBD. Rooftop pool and BBQ. TK Tan 98206228.

Kembangan. FH 1500+sf 3+1BR Penthouse. Only $1000psf. 1 min to MRT, 15 min to CBD. Rooftop

For Rent

Summerhill Condo, 3BR. Beautifully furnished. New furniture, appliances, 42" TV & electric piano. Don't miss, contact Andrew Chee 82887632

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appliances, 42" TV & electric piano. Don't miss, contact Andrew Chee 82887632 Back to Contents Page

Page | 13